VOT Research Desk
Binance the massive rally in coin price may be reaching its limit. Although the past five days have been thrilling for holders, the days that follow will need to be carefully watched.
Investors must anticipate the likelihood of a pullback that would allow them to increase their holdings as a downturn for BNB looms.
After crushing the $255 support level for sell-stop liquidity, the price of Binance Coin has soared by 25% in the last five days. There is a significant likelihood that a rounded top will develop beneath the $319 resistance level as BNB trades around the $315 mark.
To advance 24% and re-visit the $445 barrier, the Binance Coin price must get past the $336 and $358 barriers. Trading long holdings at $283 would result in a 56% gain overall from this run-up.
